How do association rules differ from law?
MFAA and FBAA set membership policies. Keep them separate from national training and ASIC requirements.
What does MFAA say about education?
MFAA’s supplied membership guidance uses the Diploma as its education standard. Certificate IV holders must finish the Diploma within 12 months of joining to renew. Confirm the category, deadline and current conditions for your application.
What about mentoring and CPD?
MFAA guidance describes mentoring for brokers with less than two years’ experience, generally for about two years. Its CPD rules specify 30 hours per membership renewal year, with activity caps and evidence requirements. CPD means continuing professional development. These are association policies.
Which FBAA details need confirmation?
The supplied associate checklist uses an older qualification code. Confirm current-code acceptance and the correct membership class directly. The CPD activity page is not sufficient evidence for a universal annual FBAA total; none is stated here.
How should overlapping requirements be handled?
ASIC’s representative guidance identifies at least 20 annual CPD hours for third-party home-loan credit representatives. Ask your licensee and association how applicable obligations, overlap and evidence work; do not simply add figures together.
What should you obtain before relying on a membership claim?
Ask the association to confirm your membership category, acceptance of your qualification code, education deadline, mentoring arrangement, fees and ongoing-learning evidence in writing. Keep its answer separate from the licensee’s work-authority decision and the aggregator or lender’s acceptance. The retained FBAA checklist uses an older code; this guide does not decide current-code acceptance for you.